Greece

A Down Economy With Optimism For The Future

only 9% of Greek Millennials declare as extremely/somewhat satisfied with the country’s economy

As expected, only 9% of Greek Millennials declare as extremely/somewhat satisfied with the country’s economy. This result comes as no surprise, taking into account the deep economic crisis that Greece has entered since 2010. Of great interest, however, is the fact that the total of the 23 countries only has a marginally higher percentage of satisfied Millennials, at 11%, while Greek Millennials actually fall slightly above the Southern European average.

 

Taking into consideration the difficult economic situation, fewer (16%) Millennials in Greece feel general satisfaction with life nowadays when compared to the global average (20%). Less than one in three feel a greater sense of accomplishment with their everyday life (32%), which is much lower than the 23 countries’ average (42%), even compared to Southern Europe (37%).

 

Despite the difficulties that Greek Millennials are facing, half (50%) feel optimistic about their future. This is in line with the global average and even higher than the average of Southern Europe (41%). Similarly, a considerable 43% declare satisfaction with their health, making Greece the second most satisfied with personal health among the 23 countries; only Mexico reports a higher rate of satisfaction.

 

Greek Millennials also appear to be more sociable than those in the rest of the world, with more than half reporting that they meet with friends and relatives at least once a week, compared to a global average of 46%. On the other hand, despite social and family bonding remaining a strong characteristic of Greek society, 57% would consider migration abroad as a solution for their unstable economic situation — a tendency that is notably higher than the total average (47%). In line with the above, the long economic uncertainty has led Millennials to be more open to risks, with 68% declaring I would be prepared to get great risks in life in order to get what I want, as opposed to 57% for the global average.

 

The need to feel that they have achieved a certain level of social success which gets recognized by others is also more important for Greek Millennials (63%) when compared to the rest of the world. This may be linked to the general isolation that Greeks feel from the rest of Europe due to the economic crisis.

 

Greek Millennials are indifferent to work in the public sector, yet seven out of ten agree that the government should be responsible for solving the country’s problems and not the private sector. This figure stands in contrast when compared to the Southern Europe average (65%), and even more so when compared to the global average (60%). This may be a way for Greek Millennials to express their disappointment with past Greek governments and the way they handled the country’s economy through the years.

 

When it comes to employment, there is a growing attitude among Greek Millennials of preferring to work in the private sector (61%) over the public (39%), not due to indifference for the public good or to earn more money in the private sector (clearly this is not the case in Greece), but because employment in the public sector is one of the main issues that Greece has to solve, leading to lack of employment opportunities there.

 

Greek Millennials appear to be the least supportive of patriarchy among the 23 countries; only 35% strongly/somewhat agree with the statement the father should be the master of the family.

 

Similarly, Greek Millennials believe that young people should be taught to question authority (60%) rather than obey authority (40%). This is rather different compared to the average of the 23 countries, as well as Southern Europe, which supports the second case (obey authority) by 53% and 49%, respectively.

 

Despite the unfavourable economic conditions in Greece and the double-digit unemployment figures, Greek Millennials still retain a pretty high feeling of personal responsibility to help those who are in a worse situation (69%). Also, in contrast to the recent rise of extreme right political groups in Greece, the majority of Greek Millennials agree that their country would be a better place if ethnic and racial groups would maintain their cultural identities (63%).

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